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Abu Dhabi / WAM Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, on Thursday announced its full year audited financial and operational results for 2015, showing that the revenues increased to AED 34.1 billion as profit remains stable at AED1.2 billion. Group CEO and Managing Director, Khaldoon Khalifa Al Mubarak, said: “Mubadala managed through the significant macroeconomic ...

ABU DHABI / WAM Abdullah bin Ahmed Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade and Industry, discussed with Gao Yan, Vice Minister of Commerce of the People’s Republic of China, and the delegation accompanying him, ways of enhancing bilateral relations in various economic sectors and investment opportunities between the two countries during the coming phase. During ...

Washington / AFP Facing slowing growth in the global economy, the International Monetary Fund (IMF) called on Thursday for policies that support research and development to promote innovation. “Fiscal policy can play an important role in stimulating innovation through its effects on research and development (R&D), entrepreneurship, and technology transfer,” the IMF said in a report ahead of its twice-yearly meeting ...

SHARJAH / WAM Bank of Sharjah, reported its financial results for the year ended December 31, 2015, showing a continued growth of its loan book while maintaining the solid structure of its balance sheet, with high levels of both liquidity and equity. Total assets reached AED 27,587 million, an increase of 10 percent over the corresponding December 31, 2014 figure ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA) has developed its use of drone technology as part of its Sirb (Arabic for fleet) initiative, which contains a fleet of high-end drones used to support Dubai’s infrastructure and contribute to providing efficient and easy-to-use services. The initiative supports national efforts to use modern technologies to serve humanity. DEWA has improved ...

Ritika Sharma / emirates business Cybercrime is the second most reported economic crime affecting 30 percent of the Middle East organisations, indicates ‘Global Economic Crime Survey 2016: Middle East’ report by pwc. In the wake of this alarming situation, Dubai Customs and General Directorate of Dubai Police Al Ameen Service organised a workshop themed around cyber extortion and the effect ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved Executive Council Resolution No (9) of 2016 on the amendment of the fee schedule related to licensing of professionals working in the field of ambulance services.

DUBAI / WAM The International Centre of Islamic Economy headquartered at the Dubai Airport Freezone Authority ( DAFZA ) officially launched the digital portal of the ‘Oasis of Innovation in Islamic Economy’ concurrently with the groundbreaking of the first global oasis dedicated to incubating creative ideas and entrepreneurial projects in support of the international Islamic economy.

Geneva / WAM The United Arab Emirates has said that it will support the voluntary, safe, and dignified return of Syrians to their homeland, once the foundations for peace has been laid in Syria. “But until that day comes, the UAE will continue to stress the importance of meeting the needs of refugees as well as the needs of host ...

Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of DEWA, has highlighted some of DEWA’s most important initiatives to achieve the UAE Vision 2021 at a meeting with Dr. Thani Al Zeyoudi, Minister of Climate Change and Environment, at DEWA’s head office. He also threw light on the efforts to make the UAE one of the best countries ...